Denver, CO

TIA Data

2017 Financial State of Denver (Released 1/29/2019)

 
Denver's Taxpayer Burden.™ is -$4,600, and received a "C" from TIA.
Denver is a Sinkhole City without enough assets to cover its debt.
Decisions by elected officials have created a Taxpayer Burden™, which is each taxpayer's share of city bills after its available assets have been tapped.
TIA's Taxpayer Burden™ measurement incorporates all assets and liabilities, including retirement obligations.
Denver only has $3.1 billion of assets available to pay bills totaling $4.2 billion.
Because Denver doesn't have enough money to pay its bills, it has a $1.1 billion financial hole. To erase this shortfall, each Denver taxpayer would have to send $4,600 to the city.
Denver's reported net position is overstated by $589.2 million, largely because the city delays recognizing losses incurred when the net pension liability increases.
The city's financial report was released 156 days after its fiscal year end, which is considered timely according to the 180 day standard.
 

Prior Years' TIA Data

2016 Financial State of Denver

2015 Financial State of Denver

Other Resources

Denver Comprehensive Annual Financial Reports

Publishing Entity: Department of Finance

IN THE NEWS
Why pension governance matters

NOVEMBER 12, 2018 | ROYAL BANK OF CANADA

I focus on the existence, stability, and characteristics of SS. Contrary to the implication of the “80 percent standard,” there is a continuum of stable steady states, with lower funding standards corresponding to higher contribution rates.

VIEW LESS